BGSF, Inc. (NYSE:BGSF) Sees Significant Increase in Short Interest

BGSF, Inc. (NYSE:BGSF - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 32,000 shares, a growth of 54.6% from the September 30th total of 20,700 shares. Based on an average daily volume of 22,200 shares, the short-interest ratio is currently 1.4 days. Currently, 0.3% of the company's stock are sold short.

BGSF Stock Down 0.9 %

BGSF stock traded down $0.07 during midday trading on Friday, reaching $7.96. The stock had a trading volume of 2,622 shares, compared to its average volume of 26,244. The firm's fifty day simple moving average is $7.99 and its 200-day simple moving average is $8.03. BGSF has a 1-year low of $6.40 and a 1-year high of $10.74. The stock has a market capitalization of $87.21 million, a P/E ratio of 15.31 and a beta of 1.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.02 and a current ratio of 2.02.

BGSF (NYSE:BGSF - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.15). BGSF had a net margin of 0.71% and a return on equity of 5.79%. The firm had revenue of $68.14 million during the quarter, compared to analyst estimates of $74.00 million. During the same period in the prior year, the business posted $0.24 EPS. As a group, analysts expect that BGSF will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BGSF. SpiderRock Advisors LLC acquired a new position in shares of BGSF during the 1st quarter worth approximately $114,000. Cornerstone Wealth Group LLC acquired a new position in shares of BGSF during the 3rd quarter worth approximately $131,000. Prosperity Consulting Group LLC acquired a new position in shares of BGSF during the 1st quarter worth approximately $520,000. Perritt Capital Management Inc. increased its holdings in shares of BGSF by 5.9% during the 1st quarter. Perritt Capital Management Inc. now owns 66,105 shares of the company's stock worth $688,000 after acquiring an additional 3,679 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of BGSF by 500.0% during the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company's stock worth $3,080,000 after acquiring an additional 300,163 shares during the last quarter. Institutional investors and hedge funds own 37.19% of the company's stock.

BGSF Company Profile

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.